Sterling Capital Reserve

Bridging Loans

Introduction

Sterling Capital Reserve Limited specialise in short Term, expedient loan facilities that “Bridge” the gap between say a property being sold or a delay in agreed funding being drawn. A property must be available as security

Purpose

In Commercial Terms, predominantly used to acquire land for development where speed is of the essence. They are also used to complete the purchase or temporary refinance of a property, where a firm sale is agreed within a short timescale and written evidence is available. Bridging Loans can also assist, where a Bank has agreed funding, but there is a delay in the availability of the funds. Short-term bridging loans can be quickly even on a 'non-status' basis, i.e. no accounts required, no income proof required. Clients with CCJ's/Defaults are also considered.

Residential property : Up to 75% of Open Market Value. Rates from 1.50% per month. Any purpose.

Commercial property : Up to 70% of Open Market Value. Rates from 1.50% per month. Any purpose.

Types of Property

All types of Freehold property will be considered, but Loan to Values may vary depending on the condition of the property and the purpose it is used for.
Bridging Loan lenders will take additional security to increase the amount available.

Applications to Lenders

All Bridging Loan cases are supported by professionally prepared credit applications, thereby significantly enhancing the chances of our clients securing the optimum financial package. In the current lending climate it pays to have your application put together by industry experts, who know what lenders are looking for.

Broker Fees

Unlike some of our competitors, we do not believe in up front charges. Our fees are only payable when our client has received a formal offer of finance and is usually payable at the time of completion.

Service Levels

For most applications presented by Sterling Capital Reserve Limited, we will obtain a decision in principle with indicative terms in respect of interest rates and fees within 72 hours.

Office

© 2011 : Sterling Capital Reserve Ltd

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
Map and Directions to our Office

Associations

  

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

Web Design Nottingham by Whatever Enterprises